Term deposit vs shares – which is best for you?
One of the benefits of share market trading is that you have a relatively liquid asset that can be quickly converted into cash. However they can go down (or up) in value.
Term deposits are “locked in” and you may incur fees or get less interest payments for breaking the term before maturity. However your money is relatively safe and most term deposits are guaranteed by the Commonwealth Government.
Share markets are particularly volatile at the present time. Term deposits are paying a relatively modest return but can be relied upon.